Cartoon for April 26, 2022
UAE, Middle East and world breaking news, stories and analysis
April 25, 2022
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
Updated: April 25, 2022, 2:00 PM